2021-02-19T11:33:20-06:00 2020-06-30 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2019-07-01 360725470 American Foundry Society AMER 8478240181 1695 N Penny Lane Schaumburg IL 60173 Doug Kurkul CEO 8478240181 2021-02-01 1 Rebekuh Eley P01247672 3126343400 2021-02-01 2019 2022-09-23 18:48:47Z Doug Kurkul 1695 N Penny Lane Schaumburg IL 60173 5657096 0 X afsinc.org X 1917 IL The mission of the American Foundry Society is to advance the success of its members and the metalcasting industry through advocacy, education, and innovation. 18 18 38 800 1821673 111945 1984887 2071455 6612169 2566524 126541 57521 519559 498425 9243156 5193925 166038 173107 0 0 3248533 3416509 0 0 0 4426795 3041143 7841366 6630759 1401790 -1436834 7011497 5044480 1494571 1201210 5516926 3843270 X The mission of the American Foundry Society is to advance the success of its members and the metalcasting industry through advocacy, education, and innovation. 0 0 Magazines - the Society's magazines disseminate information about the advancement of the sciences related to the manufacture and utilization of metalcasting. Modern Casting is published monthly with a worldwide readership of 20,000. Casting Source is distributed to approximately 12,000 readers on a bi-monthly basis. The International Journal of Metalcasting (published papers from academia and Industry) is circulated to approximately 500 readers quarterly. The quarterly online only magazine, Global Castings' readership is estimated at 60,000 worldwide. Technical services - provides administrative, management, research, and technical support services to the metalcasting industry. Services include division council, committees, research services, technology transfer, and information transfer. Division council and committee represent about 800 volunteers. Research projects - cooperative research agreements with foundry industry and federal government agencies. Projects administered by the Society are those that will have the most impact on the industry. Conventions & Expositions 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 32 0 1 38 1 1 1 0 0 0 1 1 0 0 0 X 18 18 0 0 0 0 1 0 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Peggy Mennella 8478240181 1695 N Penny Lane Schaumburg IL 60173 Douglas Kurkul Chief Executive Officer 45.00 5.00 X 235300 0 31909 Mike Lakas Vice President of IT & Operations 45.00 5.00 X 136140 0 46142 Steve Robison Chief Tech Services Officer 40.00 0.00 X 125059 0 30774 Benjamin Yates VP of Marketing & Bus. Dev. 45.00 5.00 X 125430 0 29344 Richard Jefferson CP Marketing & Communication 40.00 0.00 X 110063 0 41179 Peggy Mennella Director Accounting and Finance 40.00 0.00 X 106476 0 27611 Michael L Lenahan President (As of 4/20) 0.30 0.30 X X 0 0 0 Jim Frost Vice President (As of 4/20) 0.30 0.30 X X 0 0 0 Adam SanSolo 2nd Vice President (As of 4/20) 0.30 0.30 X X 0 0 0 Peter C Reich Immediate Past Pres. (As of 4/20) 0.30 0.30 X X 0 0 0 Jean Bye Immediate Past Pres. (Until 4/20) 0.30 0.30 X X 0 0 0 Greg Loving Director (Until 4/20) 0.30 0.30 X 0 0 0 Jason McGowan Director (Until 4/20) 0.30 0.30 X 0 0 0 Russell Rosmait Director (Until 4/20) 0.30 0.30 X 0 0 0 Scott Strobl Director (Until 4/20) 0.30 0.30 X 0 0 0 Tom Christie Director 0.30 0.30 X 0 0 0 Michael Leib Director 0.30 0.30 X 0 0 0 Bradford Muller Director 0.30 0.30 X 0 0 0 Patrick Carlin Director 0.30 0.30 X 0 0 0 David Gilson Director 0.30 0.30 X 0 0 0 Jeet Radia Director 0.30 0.30 X 0 0 0 Sara Joyce Director 0.30 0.30 X 0 0 0 Patrick T Ameen Director 0.30 0.30 X 0 0 0 John P Haas Director 0.30 0.30 X 0 0 0 John Lancaster Director 0.30 0.30 X 0 0 0 Angela Dine Schmeisser Director 0.30 0.30 X 0 0 0 Rob Johnson Director (As of 4/20) 0.30 0.30 X 0 0 0 Jim Mancuso Director (As of 4/20) 0.30 0.30 X 0 0 0 Andrew Renkey Director (As of 4/20) 0.30 0.30 X 0 0 0 Peter Satre Director (As of 4/20) 0.30 0.30 X 0 0 0 838468 0 206959 8 0 1 0 QuadGraphics Inc N61 W23044 Harrys Way Sussex WI 53089 Printing Services 299842 Potomac Government Relations 3816 30th Road North Arlington VA 22207 Government Affairs Consultant Fees 275132 Global Experience Specialists 350 North Clark Street Suite 200 Chicago IL 60654 Conference Services 187206 The Policy Group 1608 East Avenue McLean VA 22101 EHS & Regulatory Consulting 166797 Joseph T Murphy Jr 166 Campo Road South Westport CT 06880 Advertising Sales Rep 133740 7 1677893 250637 142925 10848 2071455 Advertising 541800 1821673 1821673 Industry Services 900099 652749 652749 Convention & Expo 900099 54600 54600 Government Affairs 900099 13850 13850 23652 23652 2566524 103783 103783 51968 51968 16480 0 16480 16480 16480 382379 428641 -46262 -46262 -46262 112646 34530 78116 78116 Administrative Services 561000 264585 264585 87276 87276 351861 5193925 1087552 1821673 213245 173107 247393 2391153 42238 544813 190912 329077 40329 41251 155614 148053 52446 214962 223918 2958 224764 60803 568016 72553 170938 34041 Magazine Publishing 467998 Dues Alloc. to Research 214544 Bad Debt Expense 8030 10848 6630759 92350 120587 2005357 471128 76208 68851 396057 239792 143361 139536 251446 322174 3438609 1989254 1563966 1449355 2351726 2049620 131026 183437 7011497 5044480 984591 603137 176167 191793 333813 406280 1494571 1201210 X 5428248 3754412 88678 88858 5516926 3843270 7011497 5044480 X -1436834 -129875 -106947 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 1677893 155614 9859 165473 201347 -35874 562460 562460 1189590 585501 604089 1519710 1263212 256498 166849 140541 26308 1449355 Committed Research Contracts 406280 406280 X 5540901 -129875 105235 337086 312446 5228455 -34530 -34530 5193925 7312636 105235 576642 681877 6630759 0 6630759 Part X, Line 2: The Society is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and applicable state law. However, income from certain activities not directly related to the Society's tax-exempt purposes is subject to taxation as unrelated business income. The Society follows the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the Society may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Society and positions related to the potential sources of unrelated business taxable income (UBTI). There were no unrecognized tax benefits identified or recorded as liabilities during the reporting periods covered by these financial statements. The Society files Form 990 in the U.S. federal jurisdiction and the state of Illinois. Part XI, Line 2d - Other Adjustments: Pension-related changes other than net periodic pension cost -106,947. Cast Metals Institute Revenue 708,618. Eliminated Revenue - Administrative services to CMI -264,585. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold -34,530. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 34,530. Cast Metals Institute Expense 806,697. Eliminated Expense - Administrative services to CMI -264,585. X X X 0 0 0 Douglas Kurkul Chief Executive Officer 208552 0 25956 0 792 0 3996 0 27913 0 267209 0 0 0 Mike Lakas Vice President of IT & Operations 133633 0 2387 0 120 0 1593 0 44549 0 182282 0 0 0 Steve Robison Chief Tech Services Officer 122478 0 2387 0 194 0 4395 0 26379 0 155833 0 0 0 Benjamin Yates VP of Marketing & Bus. Dev. 122550 0 2787 0 93 0 753 0 28591 0 154774 0 0 0 Richard Jefferson CP Marketing & Communication 106766 0 2787 0 510 0 3573 0 37606 0 151242 0 0 0 Form 990, Part VI, Section A, line 6 Membership in the organization shall be available to all individuals and corporations in the metalcasting industry, its supplier industries, related academia and OEM/customers of the industry. Qualifications for admission as members shall be as follows: a. Corporate Member. 1. Regular - Any firm or corporation that is a metal casting producer and/or a supplier of goods and services to the industry interested in participating in the stated activities of AFS and benefiting from the privileges of corporate membership. 2. OEM Affiliate - Any firm or corporation that is a designer, buyer, or specifier (OEM) of components, excluding casting brokers, interested in participating in the stated activities of AFS and benefiting from the privileges of corporate membership. b. Corporate Affiliate. Any individual, residing in North America, employed by a corporate member and identified by his employer as a Corporate Affiliate under provisions determined by the board of directors. c. Personal Member. Any individual, residing in North America, who is not eligible for Corporate Affiliate or other individual member status. d. International Technical Member. Any individual residing outside North America interested in participating in the stated programs of the Society. e. Retired Member. An individual, residing in North America, retired and no longer gainfully employed, and not qualifying for the Service Life membership. f. Teaching Associate. Any individual, residing in North America, employed as a secondary or vocational teacher, college professor, or those teachers of institutions and programs offering Associate degrees. g. Student Member. Any individual, residing in North America, interested in participating in and benefiting from the stated activities of AFS who is an enrolled full classschedule student in an accredited educational institution. h. Honorary Life Member. An individual who has served the AFS as its president and has retired from office; recipients of the AFS Gold Medal award, Hoyt Lecturers, or special honorary members appointed by the board of directors. i. Service Life Member. Any individual, residing in North America, fully retired, no longer gainfully employed who has had a minimum of 25 years continuous membership in AFS. j. Others. The board of directors may make provisions for special memberships and shall determine the dues and privileges of such memberships. Form 990, Part VI, Section A, line 7b All individual members, with the exception of student members, and those residing outside of North America, shall have the right to hold office in American Foundry Society and to cast one vote on all questions submitted to the membership by letter or other ballot. Form 990, Part VI, Section B, line 11b Board resolution passed August 2009 delegates this responsibility to the Finance Committee for independent review before filing. The Form 990 is also provided to all members of the governing body before it is filed. Form 990, Part VI, Section B, line 12c All new board members sign the conflict of interest policy at the beginning of their 4 year term. The conflict of interest policy is renewed annually at the August board meeting each year a board member serves. Due to the nature of our industry, there is an awareness of what is happening within to informally monitor throughout the year. If a conflict occurs, the board member would recuse themselves from voting on the matter. Form 990, Part VI, Section B, line 15a At the American Foundry Society, there is an Executive Compensation and Review Committee (ECRC) which shall consist of the President, Vice President, 2nd Vice President and Immediate Past President. The Committee is responsible for establishing executive compensation and further serves as the review authority for the CEO. The CEO's performance is evaluated annually by the ECRC against established goals, through a process that involves consultation with the Board of Directors and other stakeholders. The compensation level is benchmarked periodically using resources including the National Association of Manufacturers Council of Manufacturing Associations Executive Salary Survey and the Association Forum of Chicagoland Association Compensation Benefits Survey. Any changes in salary or incentive bonus payments are communicated in writing from the ECRC to the Director of Accounting & Finance. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part XI, line 9: Pension-related Changes other than Net Periodic Pension Cost -106,947. Cast Metals Institute 1695 N Penny Lane Schaumburg IL 60173 362491586 Continuing education IL 501(c)(3) Line 10 American Foundry Society 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 Cast Metals Institute N 426389 FMV Cast Metals Institute O 328696 FMV Cast Metals Institute R 221498 FMV Cast Metals Institute Q 400000 Cash transfer